06:43 AM EDT, 09/04/2024 (MT Newswires) -- Canada will publish the international merchandise trade data for July at 8:30 a.m. ET on Wednesday, said RBC.

The bank expects the July Canadian trade surplus to increase to C$2.0 billion in July, with exports expanding by 1.3% m/m and imports down by 0.8% m/m.

Much of the export growth is expected to have come from higher motor vehicle shipments (4%), and higher oil prices boosting the energy trade balance, stated RBC.